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	<title>Comments on: BoE in search of the virtuous circle</title>
	<link>http://ftalphaville.ft.com/blog/2008/05/01/12738/boe-in-search-of-the-virtuous-circle/</link>
	<description>FT Alphaville from FT.com</description>
	<copyright>Copyright The Financial Times Ltd 2006. "Alphaville", "FT" and "Financial Times" are trademarks of the Financial Times.</copyright>
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	<pubDate>Fri, 05 Sep 2008 07:01:48 +0000</pubDate>
	<lastBuildDate>Fri, 05 Sep 2008 07:01:48 +0000</lastBuildDate>
	<ttl>5</ttl>
	<language>en</language>

	<item>
		<title>by: G Russell</title>
		<link>http://ftalphaville.ft.com/blog/2008/05/01/12738/boe-in-search-of-the-virtuous-circle/#comment-19548</link>
		<pubDate>Thu, 01 May 2008 14:16:32 +0000</pubDate>
		<guid>http://ftalphaville.ft.com/blog/2008/05/01/12738/boe-in-search-of-the-virtuous-circle/#comment-19548</guid>
					<description><![CDATA[hmmm]]></description>
				</item>
	<item>
		<title>by: hin tat</title>
		<link>http://ftalphaville.ft.com/blog/2008/05/01/12738/boe-in-search-of-the-virtuous-circle/#comment-19423</link>
		<pubDate>Thu, 01 May 2008 10:26:06 +0000</pubDate>
		<guid>http://ftalphaville.ft.com/blog/2008/05/01/12738/boe-in-search-of-the-virtuous-circle/#comment-19423</guid>
					<description><![CDATA[interesting how the "other" (i.e. non-MBS) portion of global ABS issuance has remained pretty much constant throughout the turmoil, with only a small drop since August.]]></description>
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		<title>by: harry e</title>
		<link>http://ftalphaville.ft.com/blog/2008/05/01/12738/boe-in-search-of-the-virtuous-circle/#comment-19389</link>
		<pubDate>Thu, 01 May 2008 09:13:18 +0000</pubDate>
		<guid>http://ftalphaville.ft.com/blog/2008/05/01/12738/boe-in-search-of-the-virtuous-circle/#comment-19389</guid>
					<description><![CDATA[It has also been the same for the US banks. Write offs are implausibly high when you think about loan losses and likely default rates.

When I looked into this, I found a plausible explanation. Profits have been booked for loan securities at the outset. So when they fail, they have to write back the profits they did not make.

Good eh.

I'd hate to think that was happening here and the BoE has missed it.]]></description>
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	<item>
		<title>by: Monkey</title>
		<link>http://ftalphaville.ft.com/blog/2008/05/01/12738/boe-in-search-of-the-virtuous-circle/#comment-19387</link>
		<pubDate>Thu, 01 May 2008 08:52:00 +0000</pubDate>
		<guid>http://ftalphaville.ft.com/blog/2008/05/01/12738/boe-in-search-of-the-virtuous-circle/#comment-19387</guid>
					<description><![CDATA[HT - a link to Peston's blog!! In the AV pages!! Do Paul and Neil know about this?  You are one brave lady]]></description>
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	<item>
		<title>by: Anonymous</title>
		<link>http://ftalphaville.ft.com/blog/2008/05/01/12738/boe-in-search-of-the-virtuous-circle/#comment-19384</link>
		<pubDate>Thu, 01 May 2008 08:33:04 +0000</pubDate>
		<guid>http://ftalphaville.ft.com/blog/2008/05/01/12738/boe-in-search-of-the-virtuous-circle/#comment-19384</guid>
					<description><![CDATA[Hmm. Total losses from sub-prime in the US only 200 billion instead of 400+. I think this rosy (!) picture depends on how many US homeowners decide to throw in the towel & post the keys to the lender because they're in negative equity & if they default they can cut their housing costs dramatically. It sounds like the BoE is assuming that this isn't going to happen on any significant scale.]]></description>
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	<item>
		<title>by: Anonymous</title>
		<link>http://ftalphaville.ft.com/blog/2008/05/01/12738/boe-in-search-of-the-virtuous-circle/#comment-19383</link>
		<pubDate>Thu, 01 May 2008 08:29:10 +0000</pubDate>
		<guid>http://ftalphaville.ft.com/blog/2008/05/01/12738/boe-in-search-of-the-virtuous-circle/#comment-19383</guid>
					<description><![CDATA[Hmm.]]></description>
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